Who will benefit from understanding Climate Change Risk Management

The Senior Risk Managers (Credit Risk Focus)

• Concerned with loan defaults. Needs to understand how climate risks (physical, transition, and liability) could impact the bank’s loan portfolio and borrowers’ ability to repay.

The Regulatory Compliance Officer (ESG Focus)

• Tasked with ensuring the bank adheres to evolving ESG requirements.

The Portfolio Manager (Sustainable Investing)

• Needs to understand impact of climate risks on performance of these investments

The Private Wealth Manager (High Net Worth Clients)

• Manages a portfolio of high-net-worth individuals who are increasingly interested in sustainable investing

The Chief Sustainability Officer (CSO) and team

• Responsible for the bank’s overall sustainability strategy.

CDO (Chief Data Officer) and Team

• Providing relevant climate data across groups.

Climate Risk / C & E Risk/ ESG Risk Teams

• Focused on assessing and managing climate risks within loan & Investment portfolios.

Data & Analytics Leads – Climate Risk

• Building the data infrastructure and analytical capabilities needed to support climate risk management

CFO and Team

• Ultimate custodian of regulatory reporting – specially with IFRS moving into standardizing Climate disclosures through ISSB.

Treasury Risk Manager – Climate Transition

• Assessing and managing the bank’s exposure to climate-related financial risks within the treasury function (e.g., interest rate risk, FX risk etc.)

MIS /Operations Manager – Climate Risk Reporting

• Implementing and managing the bank’s climate risk reporting processes.

Enterprise Risk Management Teams

• Climate Risk needs to be integrated into Enterprise Risk Management